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IRS Announces 2019 Retirement Plan Contribution Limits

November 1, 2018

On November 1, 2018, the IRS announced the various adjustments applicable to retirement plan contribution limits for 2019. The elective deferral limit for 457 and 401(k) plans increases to $19,000, and the annual additions limit for 401(a) plans increases to $56,000. Traditional and Roth IRA contributions increased to $6,000.

The tables below show the 2018 and 2019 contribution limitations for 457 plans, 401 plans, and IRAs.

**OBRA 1993 provided a governmental exception for the maximum compensation limit that grandfathers certain employees under the 1993 compensation limit of $235,840. Employees eligible to participate in a governmental plan, utilizing the ICMA-RC plan document, prior to January 1, 1994, are subject to the maximum compensation limit of $235,840 as indexed and shown above as the "grandfather" limit. Employees eligible to participate in a governmental plan, utilizing the ICMA-RC plan document, after January 1, 1994, are subject to the maximum compensation limit of $150,000 as indexed and shown above as the "non-grandfather" limit.